Every 424B that JPMorgan Chase & Co. (JPM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow JPM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JPM filings page.
JPMorgan Chase & Co. (JPM), via its finance subsidiary JPMorgan Chase Financial Company LLC, is offering auto callable buffered return enhanced notes linked to the lesser performance of the Nasdaq-100® Technology Sector and the S&P 500® Index, maturing on August 17, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.50x leveraged upside on the lesser-performing index at maturity if both indices finish above their initial levels and the notes have not been called. A 20% downside buffer applies; beyond that, investors lose 1% of principal for each additional 1% decline in the lesser-performing index, up to an 80% loss.
The notes may be automatically called quarterly starting August 19, 2027 if both indices are at or above 100% of their initial levels, paying principal plus a fixed call premium (at least 8.85% on the first review date, rising to at least 24.3375% by the eighth). They pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and are intended for investors able to hold to call or maturity and tolerate substantial downside risk. The estimated value is about $954.20 per $1,000 at launch and will not be less than $900.00 per $1,000.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured “Airbag In-Digital Notes” linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes have a term of approximately 18 months, with an expected trade date of August 14, 2026, final valuation date of February 14, 2028, and maturity on or about February 17, 2028.
Each Note has a $10 principal amount, with a minimum investment of $1,000. If the S&P 500 final level is at or above the Digital Barrier, set at 90% of the Initial Value (also the Downside Threshold), investors receive principal plus a fixed Digital Return between 14.00% and 14.60%, regardless of how much the index rose. If the final level is below the Downside Threshold, repayment is reduced using the formula that applies a Threshold Percentage of 10% and Downside Gearing of 1.11111, causing a loss of 1.11111% of principal for every 1% the index falls beyond 10%, up to total loss of principal.
The Notes pay no interest, provide no dividends, and will not be listed on any exchange. They are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The indicative estimated value is $9.932 per $10 Note if priced on the described date and, when set, will not be less than $9.60 per $10. The issuer expects to treat the Notes as prepaid financial contracts for U.S. tax purposes, but the tax characterization could change with future IRS or Treasury guidance.
JPMORGAN CHASE & CO (through issuer JPMorgan Chase Financial Company LLC) is offering primary Callable Fixed Rate Notes due August 29, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 5.15% per annum, calculated on a 30/360 day-count basis, with interest payable annually on August 31 from 2027 through 2030 and on the maturity date, if the notes have not been redeemed.
The issuer may, at its option, redeem the notes in whole (but not in part) at par plus accrued interest on the last calendar day of February and August of each year, from August 31, 2027 through February 28, 2031, following the specified Business Day and Interest Accrual Conventions. The per-note price to the public is generally $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts paying between $990.10 and $1,000. Selling commissions are borne within this price and would be approximately $1.50 per $1,000 (capped at $12.50 per $1,000), and the notes are unsecured obligations of the issuer, not bank deposits or FDIC-insured.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering 5-year non-call 1-year Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes have a minimum denomination of $1,000 and are guaranteed by JPMorgan Chase & Co. The Index provides rules-based exposure to E-Mini S&P 500 futures with dynamic leverage between 0% and 500%, and its level reflects a 6.0% per annum daily deduction.
The notes feature an Upside Leverage Factor of 5.00 at maturity if not called and if the Index ends above its initial value. They are automatically callable on scheduled review dates if the Index is at or above 100% of its initial value, paying principal plus at least a 21.40% per annum call premium. A Barrier Amount at 50.00% of the initial value offers conditional principal protection; if the final index level is below the barrier, repayment is reduced one-for-one with the Index decline and investors can lose most or all principal. The estimated value, when set, will not be less than $870 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a $1,000 minimum denomination and may be automatically called as early as August 31, 2027 if the Index is at or above 100% of its initial level, paying back principal plus a call premium (at least 21.40% on the first Review Date, rising to at least 42.80% on the fifth). If not called and held to the September 2, 2031 maturity, investors receive an uncapped 5x leveraged upside on any Index appreciation, principal back if the Index is flat or down but no lower than 50% of its initial level, and a 1-for-1 loss of principal if the Index finishes below that 50% barrier.
The underlying Index dynamically allocates leveraged exposure (up to 500%) to E-mini S&P 500 futures while targeting 35% implied volatility and is reduced by a 6.0% per annum daily deduction, which drags performance. Estimated value is about $886.60 per $1,000 note on the trade date and will not be less than $870.00, reflecting embedded fees and hedging costs. Investors face full credit risk of both the issuing finance subsidiary and JPMorgan Chase & Co., no interest or dividend payments, potential illiquidity, and complex tax and index-structure risks.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Contingent Interest Notes due September 3, 2031 linked to the least performing of the Russell 2000 Index, Dow Jones Industrial Average and S&P 500 Index. Investors may receive a contingent interest rate of at least 7.50% per annum, paid semiannually at a rate of at least 3.75%, but only for review dates when the closing level of each index is at least 70% of its initial value (the Interest Barrier).
At maturity, if the final level of each index is at or above 70% of its initial value (the Trigger Value), holders receive full principal plus the final contingent interest payment. If any index finishes below its Trigger Value, principal is reduced 1% for each 1% decline of the least performing index from its initial level, leading to losses of more than 30% and up to a 100% loss of principal. The notes are expected to price on or about August 28, 2026, in minimum denominations of $1,000, with selling commissions up to $30 per $1,000 and a possible structuring fee of $7 per $1,000. The indicative estimated value is approximately $951.20 per $1,000, and will not be less than $900, reflecting internal funding and hedging costs.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured "Airbag In-Digital Notes" linked to the S&P 500 Index, maturing around August 17, 2028. Each Note has a $10 principal amount (minimum investment $1,000), no coupons, and no dividend rights.
If the S&P 500 Final Value is at or above the Digital Barrier/Downside Threshold of 90% of the Initial Value, investors receive principal plus a fixed Digital Return between 19.00% and 19.65%, regardless of index gains. If the Final Value is below the Downside Threshold, repayment is reduced by 1.11111% of principal for every 1% the index falls beyond the 10% Threshold Percentage, exposing investors to substantial loss of principal up to 100%.
The indicative estimated value is $9.926 per $10 Note if priced on the described date and will not be less than $9.60 at pricing, reflecting structuring and hedging costs. Payments depend on the creditworthiness of both JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor, and the Notes will not be listed on any exchange.
JPMorgan Chase Financial Company LLC plans to issue Contingent Interest Notes due September 3, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Russell 2000 Index, Dow Jones Industrial Average and S&P 500 Index, with payments based on the least performing index.
Investors may receive a Contingent Interest Payment of at least $41.75 per $1,000 (at least 8.35% per annum, paid at least 4.175% semiannually) on each Review Date if the closing level of each index is at or above 70.00% of its Initial Value (the Interest Barrier). If any index is below its Interest Barrier on a Review Date, no interest is paid for that period.
At maturity, if the Final Value of each index is at or above its 70.00% Trigger Value, investors receive $1,000 plus the final Contingent Interest Payment. If any index finishes below its Trigger Value, repayment is reduced by the full decline of the least performing index, and investors can lose more than 30% and up to all principal. The notes are unsecured, not listed, have limited liquidity, and are subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The indicative estimated value is about $982.50 per $1,000, and will not be less than $900.00 per $1,000 when set.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the lesser performing of GE Vernova Inc. and EMCOR Group, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 17, 2029 and are issued in minimum denominations of $1,000. Investors receive no interest or dividends and are exposed to the credit risk of both the issuer and guarantor.
At maturity, if both reference stocks finish above their initial values, the payoff equals principal plus at least 2.115× the lesser stock’s positive return. If either stock finishes at or below its initial value but both remain at or above 70% of initial value, investors receive only principal back. If either stock closes below 70% of its initial value, repayment is reduced one-for-one with the decline of the lesser performer, with the potential for a complete loss of principal. The indicative estimated value is about $970 per $1,000, and will not be less than $950 when finalized, reflecting embedded fees, hedging costs and dealer compensation. The notes are not listed and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto-callable review notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes have a 5-year term, with an initial 12‑month non-call period and then daily review dates for potential automatic call.
The underlying index uses leveraged E-Mini S&P 500 futures (0%–500% exposure) and deducts 6.0% per annum daily. The notes feature a Barrier Amount of 60.00% of the Initial Value. If on any review date the index is at or above the applicable Call Value (generally 100% of Initial Value, 60% on the final review), the notes are automatically called at $1,000 plus a Call Premium of at least 15.10% per $1,000 face amount.
If the notes are not called and the final index value is below the Barrier Amount, repayment is $1,000 + ($1,000 × Underlying Return), so investors can lose more than 40% and up to all principal. The estimated value at pricing will be no less than $870 per $1,000, below the price to public, and all payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year non-call 1-year Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index. The Index targets volatility via leveraged E-mini S&P 500 futures exposure and reflects a 6.0% per annum daily deduction.
The notes pay a quarterly contingent interest rate of at least 11.35% per annum (at least 2.8375% per quarter) only if the Index on a Review Date is at or above the Interest Barrier of 60% of the Initial Value. On specified Review Dates after the first year, if the Index is at or above the Initial Value, the notes are automatically called at $1,000 plus the contingent interest.
If not called, and the Final Value is at or above the Trigger Value of 50% of the Initial Value, investors receive $1,000 plus any final contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Underlying Return), so losses exceed 50% of principal and can reach 100%. The estimated value at pricing will not be less than $870 per $1,000 note, and all payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year, North America Structured Investments Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index. The Index reflects a 6.0% per annum daily deduction and the QQQ-based underlying asset is further reduced by a daily notional financing cost.
The notes have a minimum $1,000 denomination and pay a quarterly contingent coupon of at least 11.35% per annum (at least 2.8375% per quarter) only if, on a Review Date, the Index is at or above 60% of its Initial Value. Starting after the third Review Date, if the Index is at or above its Initial Value on a Review Date (other than the final one), the notes are automatically called at $1,000 plus that quarter’s coupon.
If not called, principal is protected at maturity only if the Final Value is at or above the 50% Trigger Value; otherwise, repayment is reduced 1-for-1 with the Index loss, down to a total loss of principal. The estimated value when set will be at least $880 per $1,000, and all payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year non-call 1-year Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index. The Index dynamically allocates between 0% and 500% exposure to E-Mini S&P 500 futures and is subject to a 6.0% per annum daily deduction.
The notes have a minimum denomination of $1,000, pricing on August 27, 2026, with quarterly review dates, a final review on August 27, 2031, and maturity on September 2, 2031. They pay a contingent interest rate of at least 10.75% per annum (at least 2.6875% per quarter) only if the Index is at or above a 60% Interest Barrier on a review date. If on any applicable review date (other than the first, second, third and final) the Index is at or above its initial level, the notes are automatically called at $1,000 plus due and unpaid contingent interest.
If not called, and the final Index level is at or above the 60% Trigger Value, investors receive $1,000 plus contingent interest and any unpaid amounts. If the final level is below the Trigger Value, principal is reduced based on Index performance; losses can exceed 40% and reach 100%. The estimated value will not be less than $870 per $1,000 note at pricing, and all payments depend on the credit of the issuer and guarantor.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations and are expected to price on or about August 27, 2026 and settle on or about August 31, 2026, with maturity on September 2, 2031.
Investors may receive a Contingent Interest Payment of at least $26.875 per $1,000 (at least 10.75% per annum, paid quarterly) for each Review Date on which the Index closes at or above 60.00% of the Initial Value, with unpaid interest accruing and potentially paid later if the barrier is met. The notes are auto-callable on specified Review Dates from August 27, 2027 onward if the Index is at or above the Initial Value, returning principal plus due and unpaid contingent interest.
If the notes are not called and the Final Value is below the 60.00% Trigger Value, the repayment at maturity is $1,000 + ($1,000 × Index Return), so investors lose 1% of principal for each 1% Index decline and can lose all principal. The underlying Index is highly engineered, uses up to 500% futures exposure and is subject to a 6.0% per annum daily deduction, which drags performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional accelerated barrier notes linked to the lesser-performing of Advanced Micro Devices (AMD) and Apple (AAPL), maturing on August 22, 2029. The notes may be automatically called on August 20, 2027 if each stock is at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium Amount of at least $648.50 per $1,000 note.
If not called and both Final Values exceed their Initial Values, investors receive 2.00× the lesser stock’s positive return. If at least one Final Value is at or below its Initial Value but both remain at or above the 50.00% Barrier Amount, investors receive an uncapped, but effectively 50.00% capped, absolute return on the downside, with a maximum payment of $1,500 per $1,000 note. If either stock finishes below its Barrier Amount, principal is exposed one-for-one to the lesser performer and investors can lose up to their entire investment.
The notes pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000. If priced on the date illustrated, the estimated value would be about $970.80 per $1,000 note and will not be less than $940.00, reflecting embedded fees, hedging costs and the issuer’s internal funding rate.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Uncapped Accelerated Barrier Notes linked to the lesser performance of the EURO STOXX 50® and STOXX® Europe 600, maturing September 4, 2031, in minimum denominations of $1,000. The notes provide at least 2.3385x leveraged upside on any positive return of the lesser-performing index at maturity, with no cap. Principal is protected only if each index’s final level is at or above its 70% Barrier Amount; if either falls below, investors lose 1% of principal for each 1% decline in the lesser-performing index and can lose their entire investment. A hypothetical 60% index decline would return $400 per $1,000 note. The estimated value would be about $971.20 per $1,000 note if priced on the reference date and will not be less than $940.00, reflecting embedded fees, hedging costs and the issuer’s internal funding rate. The notes pay no interest or dividends, are not FDIC insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $300,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, due August 15, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest and are unsecured, unsubordinated obligations. At maturity, investors receive 1.60 times any positive Index return, with a 15% downside buffer; beyond that, principal losses increase 1:1, up to an 85% loss. The estimated value is $977 per $1,000 note, below the $1,000 issue price. Repayment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $2,717,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 15, 2028, are issued in $1,000 denominations, pay no interest and provide an upside leverage factor of 1.336 on any positive performance of the lesser performing index at maturity.
The structure includes a 10.00% downside buffer; if either index falls by more than this amount, principal is reduced 1% for each additional 1% decline, up to a maximum loss of 90.00%. The estimated value was $989.70 per $1,000 note at pricing, below issue price due to structuring and hedging costs. Investors are exposed to the credit risk of both JPMorgan Financial as issuer and JPMorgan Chase & Co. as guarantor and should expect limited liquidity and potential secondary market prices below par.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $6,619,000 of structured notes linked to the Nasdaq-100® Technology Sector and the Russell 2000® Index, due August 15, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are auto-callable starting August 12, 2027 if each index is at or above its Call Value (100% of its Initial Value), paying back principal plus a fixed call premium (17.10% on the first Review Date, 34.20% on the second). If not called and both final index levels exceed their Initial Values, investors receive an uncapped leveraged payoff of 1.50× the gain of the lesser-performing index. If at maturity either index is below its Barrier Amount (70% of Initial Value), repayment is reduced one-for-one with the loss of the lesser-performing index, with the possibility of a complete loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, have limited liquidity, and an estimated value of $959.90 per $1,000, below the issue price.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,418,000 of Capped Buffered Return Enhanced Notes linked to the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.50x upside exposure to any Index appreciation at maturity, capped at a 35.00% maximum return, with no periodic interest or dividends. A 10.00% buffer protects principal only against moderate Index declines; below that level, investors lose 1% of principal for each additional 1% Index loss, up to a 90.00% loss. The price to public is $1,000 per note, including $7.00 in selling commissions, and the estimated value at pricing is $985.60 per $1,000, reflecting structuring and hedging costs. Payments depend entirely on the performance of the Russell 2000 and the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the notes are not listed, which may limit liquidity.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $4,138,000 of Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index, maturing on August 15, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide uncapped principal exposure but capped upside of 37.50% when the Index rises and a positive return equal to the absolute value of Index declines up to a 20.00% Buffer Amount. If the Index falls by more than 20%, investors lose 1% of principal for each additional 1% decline, with up to 80.00% principal loss possible.
The price to public is $1,000 per note, including selling commissions of $6.50 and proceeds to the issuer of $993.50 per note. The estimated value at pricing is $988.70 per $1,000 note, reflecting embedded costs and hedging. The notes pay no interest, provide no dividends, are unsecured, not FDIC insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with limited liquidity and potentially lower secondary-market values.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $5,201,000 of Digital Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing September 15, 2027. The notes pay a fixed 8.77% return at maturity if the final level of each index is at least 71% of its initial level; in that case, investors receive $1,087.70 per $1,000 note.
If either index ends below its 71% barrier, principal is exposed 1-for-1 to the decline of the lesser performing index, with potential total loss. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully guaranteed by JPMorgan Chase & Co., and were sold at $1,000 per note with an estimated value of $997.50 at pricing.
JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering structured Capped Dual Directional Buffered Equity Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing on August 17, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer unleveraged exposure to index moves with a Maximum Upside Return of 19.80% and a 30.00% Buffer Amount. If the least performing index ends above its initial level, the return equals that index’s gain, capped at 19.80%. If all index moves are between 0% and -30%, investors receive the absolute value of the worst index’s decline, up to 30%, for a maximum negative-side payment of $1,300 per $1,000. If any index falls by more than 30%, principal is reduced 1% for each additional 1% decline, down to $300 per $1,000 if the least performing index falls 100%.
The notes pay no interest or dividends, are issued in $1,000 minimum denominations, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. The indicative estimated value is about $983 per $1,000 at launch and will not be less than $900 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to Meta Platforms, Inc. Class A common stock, maturing on February 29, 2028, in minimum denominations of $1,000.
At maturity, investors receive unleveraged exposure to Meta’s stock: upside participation in positive returns, capped by a Maximum Upside Return of at least 14.00%, and, if losses are limited to a 30.00% Buffer Amount, a positive return equal to the absolute stock move, up to a $1,300 maximum per $1,000 when the stock is down but within the buffer. If Meta’s decline exceeds 30%, principal is reduced 1% for each additional 1% drop, for up to a 70.00% loss of principal.
The notes pay no interest, do not provide Meta dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity depends on dealer bids. An illustrative estimated value is $971.50 per $1,000, and the final estimated value at pricing will not be less than $900.00, reflecting selling commissions, hedging costs and internal funding assumptions. U.S. tax counsel views the notes as open “prepaid financial contracts,” and the issuer expects Section 871(m) withholding will not apply to Non-U.S. holders, although future IRS guidance could alter these consequences.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable yield notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), maturing on August 30, 2029. The notes pay an interest rate of at least 13.50% per annum, or at least 3.375% per quarter, equal to at least $33.75 per $1,000 principal each quarter the notes remain outstanding.
The notes may be automatically called on scheduled review dates starting March 1, 2027 if AMD’s closing price is at or above the Initial Value, in which case investors receive $1,000 plus the applicable interest and no further payments. If the notes are not called and AMD’s final price is at or above the Trigger Value of 50.00% of the Initial Value, investors receive $1,000 plus the final interest payment at maturity. If the final price is below the Trigger Value, principal is reduced dollar-for-dollar with AMD’s decline, using $1,000 + ($1,000 × Stock Return), and investors can lose more than 50% and up to all principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial and are subject to the credit risk of both the issuer and guarantor. Minimum denomination is $1,000$950 per $1,000, and the final estimated value will not be less than $930 per $1,000, reflecting embedded costs and hedging assumptions. The notes are not listed, may be illiquid, and pay no AMD dividends.
JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes due August 22, 2031, linked to the lesser performing of the Nasdaq-100 Futures Excess Index and the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, if the final level of each index is at or above its initial level, investors receive $1,000 plus the greater of the Contingent Digital Return of at least 93.30% or the return of the lesser performing index. If either index finishes below its initial level but both remain at or above 70.00% of their initial levels (the Barrier Amount), only principal is returned. If either index ends below its 70.00% barrier, repayment is reduced 1% for each 1% decline of the lesser performing index, down to a total loss. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are expected to price on or about August 19, 2026, and currently have an estimated value of about $971.20 per $1,000, with a minimum estimated value at pricing of $940.00 per $1,000. They will not be listed, and secondary market liquidity and pricing may be limited.
JPMorgan Chase Financial Company LLC is offering Capped Buffered Enhanced Participation Equity Notes due 2028, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, bears no interest and is not listed on an exchange.
At maturity on June 22, 2028, holders receive: (i) if the S&P 500 has risen, a positive return at a 1.30x upside participation rate up to a maximum settlement amount expected between $1,227.11 and $1,267.15 per $1,000; (ii) if the index has fallen by up to 12.50%, full principal repayment via a buffer; or (iii) if the index has fallen by more than 12.50%, a leveraged loss, with losses of about 1.1429% of principal for each 1% decline beyond the buffer, potentially down to zero. The notes’ estimated value at pricing is expected between $981.10 and $991.10 per $1,000, reflecting structuring and hedging costs. Repayment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co., and tax treatment is uncertain, including potential future changes affecting prepaid forward contracts and Section 871(m) for non‑U.S. holders.
JPMorgan Chase Financial Company LLC is offering $402,000 of Callable Contingent Interest Notes due August 10, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 17.05% per annum (4.2625% quarterly) per $1,000 note, but only for Review Dates when the closing price of each of the Global X Uranium ETF, State Street Financial Select Sector SPDR ETF and State Street Energy Select Sector SPDR ETF is at or above 60.00% of its Initial Value. If any fund is below its Interest Barrier on a Review Date, no interest is paid for that period.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting August 12, 2027, at $1,000 plus any due contingent interest. If held to maturity and each fund’s Final Value is at least its Trigger Value (also 60.00% of Initial Value), investors receive $1,000 plus the final contingent coupon. If any fund finishes below its Trigger Value, principal is reduced one-for-one with the decline of the worst-performing fund, and investors can lose more than 40% and up to all principal. The notes are unsecured, not FDIC insured, and subject to the credit risk of both the issuer and the guarantor. The estimated value at pricing was $949.30 per $1,000 note, below the issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Dual Directional Accelerated Barrier Notes linked to the lesser performance of the State Street SPDR S&P Homebuilders ETF (XHB) and the State Street Industrial Select Sector SPDR ETF (XLI), in $1,000 minimum denominations. The notes may be automatically called on review dates in 2027 and 2028 if each ETF closes at or above its Call Value, paying back principal plus a call premium of at least 13% or 26%, respectively.
If not called, at maturity in August 2029 investors receive leveraged upside of 1.50× any appreciation of the lesser-performing ETF, or an uncapped “dual-directional” return equal to the absolute value of losses (up to 25%) if both ETFs stay at or above a 75% Barrier Amount of their initial values. If either ETF finishes below its Barrier Amount, principal is exposed one-for-one to the downside of the lesser-performing ETF, up to a total loss. The indicative estimated value is $934.10 per $1,000 note, and will not be less than $900.00 at pricing, reflecting embedded selling costs, hedging costs and issuer funding spreads.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due August 10, 2029, linked to the common shares of American Express Company. Each security has a $1,000 stated principal amount and is fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive a contingent quarterly payment of $27.75 (2.775%) per $1,000 security if on a determination date the AXP share price is at or above the downside threshold level of $255.6825, which is 75% of the initial stock price of $340.91. If the stock is below the threshold, no payment is made for that quarter. If on any non-final determination date the stock is at or above the initial stock price, the notes are automatically redeemed for $1,000 plus $27.75, and no further payments occur.
If not previously redeemed, at maturity investors receive $1,000 plus $27.75 if the final stock price is at or above the downside threshold, or $1,000 × (final price/initial price) if it is below, exposing holders to 1-for-1 downside that can reduce principal to zero. The aggregate principal amount is $6,519,000, the issue price is $1,000 per security, and the estimated value on the pricing date is $966.10, reflecting embedded selling commissions and structuring/hedging costs. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $500,000 of structured Buffered Digital Notes linked to the common stock of Qualcomm (QCOM), fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, prices at 100% of principal and carries a selling commission of $10, for issuer proceeds of $990 per note.
The notes mature on September 10, 2027, with a single observation on September 7, 2027. If Qualcomm’s final stock price is at or above the strike, or down by up to the 40.00% buffer, investors receive a fixed 15.40% Contingent Digital Return, or $1,154 per $1,000 note. If the stock falls more than 40% below the strike, principal is reduced by 1.66667% for each 1% decline beyond the buffer, down to a total loss if Qualcomm goes to zero.
The strike value is the $160.39 closing price of Qualcomm on August 6, 2026. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits or FDIC insured, and are not listed, so liquidity may be limited. The estimated value at pricing was $984.30 per $1,000 note, below the issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due August 10, 2029 linked to the common stock of Eli Lilly and Company. The securities have a $1,000 stated principal amount per security and an aggregate principal amount of $15,095,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive a contingent quarterly payment of $27.50 per security (2.75% of principal) on each determination date when Eli Lilly’s closing price is at or above the downside threshold level of $711.426, equal to 60% of the initial stock price of $1,185.71. If the stock is below the threshold, no payment is made for that quarter and missed payments do not earn additional interest.
If on any non-final determination date the closing price is at or above the initial stock price, the notes are automatically redeemed for principal plus the applicable contingent payment and any unpaid prior contingent payments. If held to maturity and the final stock price is at or above the downside threshold, investors receive principal plus the final contingent payment (and any unpaid prior contingent payments). If the final stock price is below the threshold, the maturity payment equals $1,000 multiplied by the stock performance factor, exposing investors 1-to-1 to the decline in Eli Lilly shares, with a payment that will be less than 60% of principal and could be zero. The estimated value on the pricing date is $961.80 per $1,000 security, and any payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due August 12, 2027, linked to the common stock of The Goldman Sachs Group, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The aggregate principal amount is $11,209,000, with a stated principal amount and issue price of $1,000 per security.
Investors may receive a contingent quarterly payment of $28.375 per security (2.8375% of principal) for each determination date on which the GS stock closing price is at or above the downside threshold level of $675.7465, equal to 65% of the initial stock price of $1,039.61. If GS is at or above the initial stock price on any non-final determination date, the notes auto-call for principal plus the current and any previously unpaid contingent payments.
If not earlier redeemed and the final stock price is at or above the downside threshold, investors receive principal plus the final contingent payment (and any unpaid prior ones. If the final stock price is below the threshold, the payoff equals principal multiplied by the stock performance factor, exposing investors to 1:1 downside and potentially a zero return of principal. The estimated value is $979.30 per $1,000, reflecting selling commissions, a structuring fee and hedging costs, and payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $37,838,000 of Trigger PLUS linked to the EURO STOXX 50® Index, maturing August 12, 2032. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, investors receive $1,000 plus 190.00% of any index percent increase if the final index value exceeds the initial index value of 6,523.86. If the index is below the initial level but at or above the trigger level of 4,240.509 (65% of the initial value), investors receive only their principal. If the final index value is below the trigger level, payoff equals $1,000 times the index performance factor, exposing investors to losses of more than 35% and up to 100% of principal.
The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The issue price is $1,000 per Trigger PLUS, including selling commissions of $30 and a $5 structuring fee; the estimated value on the pricing date is $955.10. The Trigger PLUS will not be listed on any securities exchange, and secondary trading may be limited.
JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an upside leverage factor of at least 1.585x any positive Index performance at maturity, with no cap on gains.
A 15.00% buffer protects principal against moderate Index declines; below this, investors lose 1% of principal for each 1% additional decline, up to a maximum loss of 85.00%, receiving as little as $150 per $1,000 note at maturity. The notes pay no interest, are unsecured, not FDIC‑insured, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The indicative estimated value is about $970 per $1,000 note, and will not be less than $950 when set, reflecting embedded selling, structuring and hedging costs. The notes are expected to price on or about September 3, 2026, and mature on September 7, 2029, with no exchange listing and potentially limited secondary liquidity.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., offers Buffered Callable Range Accrual Notes linked to the S&P 500® Index, maturing August 29, 2031. The notes pay variable monthly interest based on how often the Index closes at or above 85.00% of its Initial Value; the interest factor is at least 6.85% per annum, with a minimum interest rate of 0.00% per annum. Starting August 31, 2027, the issuer may redeem the notes monthly at par plus accrued interest.
At maturity, if the Index’s Final Value is at least 85.00% of the Initial Value (the Buffer Level), investors receive full principal. If it is lower, repayment is reduced 1% for each 1% decline below the Buffer Level, so investors can lose up to 85.00% of principal. Illustrative examples show a $1,000 note paying $650 if the Index falls 50% and $150 if it falls 100%. The preliminary estimated value is approximately $938.10 per $1,000 principal amount and will not be less than $900.00 per $1,000 when set, reflecting selling commissions and hedging costs. The notes are unsecured obligations, not bank deposits, and are not insured by the FDIC.
JPMorgan Chase Financial Company LLC is offering Auto Callable Yield Notes due August 29, 2031, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a fixed interest rate of at least 6.55% per annum, or at least $5.4583 per month per $1,000, as long as they remain outstanding.
The notes may be automatically called on scheduled review dates starting August 26, 2027 if the index level is at or above its initial level, returning $1,000 plus the applicable interest payment. At maturity, if not called and the index decline does not exceed the 15% buffer, investors receive full principal plus the final interest payment; beyond that, principal is reduced 1% for each 1% additional index loss, up to an 85% loss of principal. The underlying index includes a 6.0% per annum daily deduction and a notional financing cost, meaning it will lag an equivalent, non-deducted index. An indicative estimated value is about $914.40 per $1,000 note, and the final estimated value will not be less than $900, reflecting embedded fees, hedging costs and internal funding assumptions.
JPMorgan Chase Financial Company LLC is offering $15,327,000 of Contingent Income Callable Securities due May 10, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. These principal-at-risk structured notes are linked to the worst performing of the Nasdaq-100, S&P 500 and Russell 2000 indices.
Investors may receive a contingent quarterly coupon of $29.50 per $1,000 security (2.95%) only if, on every day in a quarter, each index stays at or above its coupon barrier level, set at 75% of its initial value. If any index closes below its barrier on any day in the period, no coupon is paid for that quarter. The issuer may redeem the notes early, at its discretion, on any coupon date other than the first and last, paying principal plus any due coupon.
At maturity, if not called, investors receive principal back only if each index’s final level is at or above its downside threshold of 65% of its initial value; otherwise, repayment is reduced 1‑for‑1 with the decline of the worst index and can fall to zero. The issue price is $1,000 per security, with an estimated value of $955.50, and all payments are subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing Buffered Callable Range Accrual Notes linked to the Nasdaq 100 Index due June 30, 2031. The total offering is $3,115,000, priced at $1,000 per note, with selling commissions of $35 per note and issuer proceeds of $965 per note. The notes pay variable monthly interest at up to 7.50% per annum, based on how many trading days in each period the Index closes at or above 85% of the Initial Value. Principal is buffered at maturity: if the Final Value is at or above 85% of the Initial Value, investors receive full principal; below that level, losses match Index declines beyond the 15% buffer, up to an 85% principal loss. The notes are callable monthly at par plus accrued interest from June 30, 2027 through maturity. The Initial Value is 29,440.32 and the Minimum Index Level is 25,024.272. The estimated value is $925.80 per $1,000 note, reflecting structuring, hedging costs and commissions.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due August 16, 2029, linked to the common stock of Micron Technology, Inc., and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon only if, on a given review date, Micron’s share price is at least 50% of the Initial Value (the Interest Barrier). Missed coupons can be made up later if a subsequent review date is at or above the barrier.
The notes are automatically called if, on any review date other than the first and final, Micron’s share price is at or above the Initial Value, with the earliest call date on February 16, 2027. If not called and Micron’s final share price is at or above the Trigger Value (also 50% of the Initial Value), investors receive full principal plus the final and any unpaid coupons. If the final price is below the Trigger Value, repayment equals $1,000 plus $1,000 times the stock return, so investors can lose a substantial portion or all of principal.
The indicative contingent interest rate is 22.40% per annum, paid quarterly at 5.60% when due. The notes are unsecured, unsubordinated obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is around $950 per $1,000 principal now and will not be less than $930, reflecting embedded costs and hedging. The notes are not listed, may have limited liquidity, do not pay dividends on Micron stock, and are intended for investors willing to accept equity, credit, liquidity and complex tax risks in exchange for high, but uncertain, income potential.
JPMorgan Chase Financial Company LLC is offering structured Capped Return Enhanced Notes linked to the S&P 500 Index, with a total principal amount of $3,002,580, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $10 principal amount and offers 3.00x exposure to any positive Index performance, capped at a 12.80% maximum return, which corresponds to a maximum payment at maturity of $11.28 per $10 note if held to maturity on July 9, 2027.
If the Index is flat, investors receive only their principal; if the Final Value is below the Initial Value of 7,757.64, investors lose 1% of principal for each 1% Index decline, up to a total loss. The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. The price to the public is $10 per note, including $0.135 in selling commissions, resulting in issuer proceeds of $9.865 per note; the estimated value at pricing was $9.816 per $10 note. The notes will not be listed, and secondary market prices are expected to be lower than the issue price.
JPMorgan Chase Financial Company LLC is offering $5,411,000 of Buffered Callable Range Accrual Notes linked to the S&P 500® Index, due June 30, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay variable monthly interest based on the number of Trading Days each period when the Index is at or above a Minimum Index Level of 6,253.8665, equal to 85.00% of the Initial Value of 7,357.49, with a maximum per-annum interest factor of 6.70% and a minimum interest rate of 0.00%.
At maturity, if the Final Value is at or above the Buffer Level of 85.00% of the Initial Value, investors receive full principal; if below, they lose 1% of principal for each 1% decline beyond the 15.00% buffer, and could lose up to 85.00% of principal, plus any accrued interest. The issuer may redeem the notes monthly at par plus accrued interest, starting June 30, 2027. The price to public is $1,000 per note, including $35.00 in selling commissions, for issuer proceeds of $965.00 per note. The estimated value is $939.90 per $1,000 note, reflecting structuring and hedging costs. The notes involve complex tax and withholding considerations, particularly for Non-U.S. Holders.
JPMorgan Chase Financial Company LLC is offering auto callable notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, are expected to settle on or about August 20, 2026 and mature on August 22, 2033.
Starting August 19, 2027, if on any Review Date the Index is at least its Initial Value (the 100% Call Value), the notes are automatically called, paying $1,000 plus a Call Premium of at least 9.10% to 54.60% over successive years. If never called, at maturity investors receive $1,000 plus any positive Index Return at a 100% participation rate; if the Index is flat or down, only principal is repaid, subject to issuer and guarantor credit risk.
The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which structurally drags performance versus an undeducted index. The estimated economic value is about $907 per $1,000 note at launch (not less than $900), reflecting structuring and distribution costs. The notes pay no interest, provide no QQQ dividends, are unsecured, and are not exchange-listed, so liquidity and secondary market pricing may be limited.
JPMorgan Chase Financial Company LLC is issuing $168,062,000 of Callable Fixed Rate Notes due February 11, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at an annual rate of 5.05%, using a 30/360 day count convention, with interest payable in arrears on February 11 and August 11 of each year, beginning February 11, 2027.
On each February 11, May 11, August 11 and November 11 from August 11, 2027 through November 11, 2029, the issuer may redeem the notes in whole, but not in part, at par plus accrued and unpaid interest, subject to the specified Business Day and Interest Accrual Conventions. If not previously called, investors receive the principal amount plus accrued and unpaid interest at maturity on February 11, 2030. The price to the public is $1,000 per note, including selling commissions of $3.060 per $1,000, resulting in proceeds to the issuer of $996.940 per note. The notes are unsecured debt obligations, not bank deposits, not FDIC insured, and involve risks described in the referenced risk factor sections.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes due August 24, 2032, linked to the lesser performing of the EURO STOXX 50® Index and the STOXX® Europe 600 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an unlimited upside at maturity equal to at least 2.275× any positive return of the lesser performing index, but pay no interest and no dividends.
If, on the observation date, the final level of each index is at or above 70% of its initial level, investors receive their $1,000 principal per note; if both are above their initial levels, the leveraged upside applies. If either index ends below 70% of its initial level, principal is reduced one-for-one with the decline of the lesser performing index, down to a total loss if it falls 100%. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., have a minimum denomination of $1,000, and are expected to price around August 19, 2026 and settle around August 24, 2026. An indicative estimated value is about $935.90 per $1,000 note, and will not be less than $900.00, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $500,000 of Uncapped Buffered Return Enhanced Notes linked to the least performing of Alphabet Class A, Microsoft, and Amazon common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a Pricing Date of August 7, 2026, are expected to settle on or about August 12, 2026, and mature on August 10, 2029, with minimum denominations of $1,000.
At maturity, if the final price of each reference stock is above its initial price, investors receive $1,000 plus 2.535x the gain of the least performing stock. If any stock is down by up to the 30.00% Buffer Amount, principal is returned. If any stock is down more than 30%, repayment is reduced dollar-for-dollar beyond the buffer, with up to a 70.00% loss of principal possible. The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The price to the public is $1,000 per note, including $8.50 in selling commissions, for issuer proceeds of $991.50 per note. The estimated value at pricing was $981.70 per $1,000 note, reflecting structuring, hedging and distribution costs, and secondary market prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on August 30, 2028.
The notes provide unleveraged upside to index appreciation up to a Maximum Upside Return of at least 25.80%, and, if the index is flat or down by up to a 15.00% Buffer Amount, a positive return equal to the absolute decline. If the index falls by more than 15%, principal is reduced 1% for each additional 1% drop, for a maximum loss of 85.00% of principal.
The price to public is $1,000 per note in minimum denominations of $1,000, with an indicative estimated value of about $990 per $1,000 and not less than $970 at pricing. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and will not be listed, so secondary market liquidity and pricing are uncertain.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 19, 2032 and fully guaranteed by JPMorgan Chase & Co. Investors may receive a monthly Contingent Interest Payment only when, on an Interest Review Date, the Index closes at or above 70.00% of the Initial Value (the Interest Barrier). The notes are automatically called on quarterly Autocall Review Dates if the Index closes at or above the Initial Value, with the earliest possible call on August 16, 2027, returning principal plus the applicable contingent interest.
If the notes are not called, principal repayment at maturity depends on the Index level at the final Review Date. If the Final Value is at or above the Trigger Value of 50.00% of the Initial Value, investors receive full principal back plus any final contingent coupon; otherwise, repayment is reduced 1% for every 1% the Index has fallen from the Initial Value, potentially down to $0. The Index employs a leveraged futures strategy with exposure up to 500% of E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which creates a persistent drag on performance. The hypothetical Contingent Interest Rate is shown as 17.70% per annum (1.475% per month), and the estimated value is approximately $922.70 per $1,000 note, not less than $900. The notes are unsecured, not FDIC insured, issued in $1,000 minimum denominations, and carry significant market, index, liquidity, credit and tax risks.
JPMorgan Chase Financial Company LLC is issuing $1,500,000 in unsecured Review Notes linked to the lesser performing of the iShares Silver Trust (SLV) and the SPDR Gold Trust (GLD), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 denominations, priced on August 7, 2026 and are expected to settle on or about August 12, 2026, and may be automatically called quarterly starting August 11, 2027 if each fund’s price is at or above its Call Value of 100% of Initial Value.
On a call, investors receive $1,000 plus a fixed Call Premium Amount (from 15.2% on the first Review Date up to 76.0% on the final Review Date) and the notes terminate. If not called, principal is protected only by a 20.00% buffer; if either fund falls more than 20% from its Initial Value at final valuation, repayment is reduced 1% for each 1% beyond the buffer, up to an 80.00% principal loss. The notes pay no interest and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $5 in selling commissions, while the issuer’s own estimated value is $968.10 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,288,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Meta Platforms, Inc. The notes pay a Contingent Interest Rate of 12.00% per annum (3.00% per quarter) if, on a Review Date, Meta’s closing price is at least the Interest Barrier of $355.26, which is 60.00% of the Initial Value of $592.10. The notes may be automatically called starting February 8, 2027 if Meta’s price on a Review Date (other than the first and final) is at least the Initial Value, returning principal plus due and unpaid contingent interest. At maturity on August 10, 2028, if not called and the Final Value is at least the Trigger Value (also $355.26), investors receive principal plus due contingent interest; otherwise the payoff is $1,000 plus $1,000 times the stock return, exposing holders to losses greater than 40% and potentially a full loss of principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., carry an original issue price of $1,000, estimated value of $964.90 per note, and will not be listed on any exchange.